This property looks like a bad Airbnb investment with a projected -2.02% first-year return on $112k initial cash invested.
-2.02%
Cash On Cash
6.47%
Cap Rate
1.01
DSCR
$5,295
Rent
-$189
Cashflow
Cash Flow
$5,295 income − $5,484 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$449k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$112k
Downpayment
20%
$89,800
Closing costs
1%
$4,490
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,295
Total Expenses
$5,484
Mortgage P&I
45%
$2,399
Property Taxes
7%
$353
Home Insurance
3%
$157
HOA
1%
$33
Property Management
15%
$794
CapEx
4%
$212
Vacancy
0%
$0
Maintenance
4%
$212
Other
25%
$1,324